Malta: Negative consumer goods sector curbs industrial revenues

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Industrial turnover fell by 2.1 percent over the first quarter this year compared with the last three months of 2019. Data released by the National Statistics Office shows that the overall decrease was triggered by a significant drop in the consumer goods sector, which suffered the heaviest loss in the 15 months under review since January last year.

Durable consumer goods declined by 13.6 percent from the last quarter of 2019, which had itself registered a three percent loss from the previous quarter. The fall in non-durables stood at 5.8 percent between January and March, the first time it went into negative territory in 12 months.

The rest of the sectors, however, recorded an increase: capital goods rose by almost six percent, intermediate goods by four percent, and the energy sector grew by 3.6 percent.

Compared with the first quarter last year, industrial turnover was still up by 3.5 percent and all sectors, including consumer goods, registered gains. Capital goods surged highest, growing by 10.5 percent; consumer goods, intermediate goods, and the energy sector increased by 3.6, 1.2 and 0.2 percent, respectively.

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